Roth IRA Calculator
Project Roth IRA growth with tax-free withdrawals in retirement.
Calculator
All growth is tax-free in retirement with a Roth IRA.
Tax-free balance at retirement
$691,150.47
Total contributions
$190,000
Tax-free growth
$501,150.47
Projection
What is roth ira?
A Roth IRA is funded with after-tax dollars, meaning withdrawals in retirement are tax-free. This calculator projects your Roth IRA balance at retirement.
Example
Contributing $500/month to a Roth IRA at 7% for 30 years grows to about $567,000, all tax-free.
Money-saving tips
- •Max out your Roth IRA ($7,000 in 2024, $8,000 if 50+).
- •Roth is ideal if you expect to be in a higher tax bracket in retirement.
- •You can withdraw contributions (not gains) anytime without penalty.
Common mistakes
- •Missing the contribution deadline — you can contribute until tax day.
Financial definitions
- Roth IRA
- A retirement account funded with after-tax dollars; withdrawals are tax-free in retirement.
Frequently asked questions
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Estimated reading time: 5 min